Insurance coverage for mobile phones and other devices has become a huge industry, as well as a valuable safeguard for consumers. However, with this opportunity comes a risk for insurers in the form of false and overstated monetary claims on stolen or lost devices.
GSMA Device Check™ offers Insurers the following benefits:
- Confirmation if a device has been reported to the operator as lost or stolen
- Reduce the likelihood of false or fraudulent insurance claims
- Confirm device model to reduce over-stated monetary claims
- Confirm model to help calculate the replacement value
- Check the reported lost/stolen status of devices being acquired for use as replacement devices
- Discourage device theft, which benefits consumers and the entire device ecosystem.
To learn more about how GSMA Device Check™ can help your device insurance programme, please contact us now.